Leveraging Low-Code Platforms to Drive Innovation and Agility

Leveraging Low-Code Platforms to Drive Innovation and Agility
Leveraging Low-Code Platforms to Drive Innovation and Agility

Businesses are increasingly looking to implement Low-Code Application Platforms (LCAP) to enable their employees to develop custom business applications without the assistance of a developer. The need for businesses to be more flexible and agile has never been greater, and LCAP adoption is accelerating as a result.

Non-programmers across all functions of the organization can now develop applications that boost employee engagement, productivity, and agility thanks to low-code application development. Business leaders can tap into a growing developer pool that wasn’t available until recently by allowing employees with situational knowledge of everyday operations to actively engage in the development of applications using low-code platforms.

According to a Statista survey “Global Benefits Through Adopting Low-Code 2021,” companies increased revenues by 58 percent on average by building customer-facing apps with low-code platforms and they were able to build software solutions 56 percent faster than those who used legacy programming technologies.

Also Read: Cogniteam Elevates Low-Code AI Robotics Platform

Here’s how leaders can embrace low-code in 2022 to boost innovation and agility.

Cost-Effective and Efficient Application Development

The pandemic has generated an acute demand for IT teams to design new, complex applications that can support remote employees while simultaneously generating revenues. With rising uncertainty, constrained budgets, and the threat of a worldwide recession, this is easier said than done.

As a result, an increasing number of businesses are reconsidering their current app development strategies. Low-code platforms make app development more efficient and cost-effective, allowing organizations to meet their ever-changing goals. Organizations can save money on hiring new developers by abandoning the traditional approach to app development.

Democratizing Innovation

Democratizing innovation is what differentiates the winners from the laggards in the new normal. Only a small fraction of business leaders will be able to innovate. Businesses can provide innovation across functions and levels by empowering the workforce with low-code platforms. These platforms make it easier for subject matter experts to collaborate, build, and customize their apps without encountering any additional roadblocks or bottlenecks that could stymie their progress.

Also Read: How Low-Code/No-Code Fuel Digital Transformations

Flexible Integrations

Organizations can connect their diverse on-premises and SaaS-based systems and have a unified view of their data using the low-code integration features of low-code application platforms.

Low-code integration allows systems to adapt to the ideal processes that the business requires, rather than the processes having to be adjusted to the functionality of the systems. In today’s extremely dynamic environment, the flexibility provided by low-code platforms is important.

Increased Profitability

Shadow IT and the proliferation of apps are two of biggest challenges faced by IT teams, posing a threat to system and data security and creating compliance issues. Instead of relying on unauthorized third-party apps, citizen developers can design custom apps with built-in data security and compliance, and IT can monitor and control all of the apps in use across the company, simplifying governance.

Low-code solutions also allow IT to use robotic process automation (RPA) to automate mundane operations like data entry and invoice management, allowing the IT team to focus on larger, longer-term projects. Better ties with the rest of the company and a more central and strategic role for IT are possible outcomes.

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Prangya Pandab is an Associate Editor with OnDot Media. She is a seasoned journalist with almost seven years of experience in the business news sector. Before joining ODM, she was a journalist with CNBC-TV18 for four years. She also had a brief stint with an infrastructure finance company working for their communications and branding vertical.